****** Heavy-duty Automotive Aftermarket study offers detail overview of industry with all the requisite data to support tactical business decisions and come up with strategic growth plans. This study also proposes a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures.
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The ****** heavy-duty automotive aftermarket size is projected to value at USD 155.8 billion by 2025, according to a new report published by Million Insights, at a CAGR of 4.5% from 2018 to 2025. The growing penetration of outdated and older trucks has led to the increase in demand for replacement parts which further boosts the heavy-duty automotive aftermarket. The other factors like greater wear and tear of vehicles due to regular use, durability of components, and growth in the number of vehicles are expected to contribute to market growth.
Connected trucks have in-built IoT sensors that allow fleet management organizations to obtain timely data on the position of replacement parts in trucks. Therefore, IoT and digitalization have enabled the drivers to obtain information on the condition of the vehicle and appoint preventive maintenance. Eventually, automotive parts can be replaced with a higher volume of data regarding vehicles being available. This is further anticipated to surge the demand for these components in the near future.
Asia Pacific was the leading market in 2017, succeeded by Europe. The rising number of outdated trucks in regions like Europe and North America is predicted to increase the demand for replacement parts due to higher fallout in the value of these vehicles.
South America is expected to account for the highest CAGR during the forecast period due to the increasing sale of trucks in emerging nations like Brazil. The industry is anticipated to grow at a higher rate in countries like Brazil and South Africa due to poor infrastructure of roads which stimulates the requirement for regular maintenance of transportation fleets.
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Heavy-duty Automotive Aftermarket: Market Variables, Trends & Scope
Chapter 4 Heavy-duty Automotive Aftermarket: Product Estimates & Trend Analysis
Chapter 5 Heavy-duty Automotive Aftermarket: Application Estimates & Trend Analysis
Chapter 6 Heavy-duty Automotive Aftermarket: End-use Estimates & Trend Analysis
Chapter 7 Heavy-duty Automotive Aftermarket: Industrial End-use Estimates & Trend Analysis
Chapter 8 Heavy-duty Automotive Aftermarket: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Heavy-duty Automotive Aftermarket: Manufacturers Company Profiles
Top Key Players of Heavy-duty Automotive Aftermarket:
3M Company; Continental AG; ATC Technology Corp; Denso Corporation; Dorian Drake International Inc.; Detroit Diesel Corporation; Dorman Products; Instrument Sales & Service, Inc.; Federal-Mogul LLC; UCI International Inc.; and Remy International Inc.
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